This is why I. Don't like his plan. If the money was left in my pocket it would have grown to many times that amount, but I am different from most, that vacation or new truck would be where the money went and they would be broke at the end. Nanny gov to the rescue
PortaJohn
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early on but the mistake of having those 2 in any power is obvious. didn't have to wait long.
She can ekscape to Africa
Is from a Canadian comic strip that was also syndicated in the U.S. "For Better or For Worse". Made enough of an impression that I still remember that panel 26 years later.
The story arc starts here if anyone cares to read the rest:
This should make it pretty obvious that the two parties are really only one party with different names. Do you believe that it wasn't already planned?
Senate Democrats Confirm Another Two Radical Judges Because Two GOP Senators Did Not Show Up | The Gateway Pundit | by Jim Hᴏft
The U.S.www.thegatewaypundit.com
The U.S. Senate on Wednesday confirmed two more of Joe Biden’s radical judicial nominees to federal district courts—thanks in part to the absence of key GOP senators.
With Kamala Harris conveniently vacationing in Hawaii, the GOP had a golden opportunity to block these nominations. Instead, their failure to show up handed Democrats another victory.
Democrats confirmed Rebecca L. Pennell to the Eastern District of Washington in a 50-48 vote.
Republican firebrand Senator Ted Cruz (R-TX) inexplicably missed the vote, joining Braun in the hall of shame, while Senator Joe Manchin (I-WV) voted against the confirmation.
There's a position in the each party called the "Whip". Look up what the responsibility for this job title is.
All the world is a stage.
I think the only missing part of this is that option, in particular, isn't taking into account earned value of money over time - like how much could I have now if I only was getting 5% on my return inflation adjusted. That is if I'm understanding it. Because folks that worked primarily in the 1970s - 1990s really would get the shaft.Much easier solutions but people will NEVER go for it:
Option #1 - within 3 to 5 years (on average) a retiree has collected all of the money they paid into SS. Tie everyone's SS tax paid to their SS number. When they have drawn out all of the money they paid then the payments stop.
Option #2 - same as #1 but the payer has the option of investing the money in a few very safe options and that return goes to their account. When all of the money paid had been paid out the tap shuts off.
Some information on how the return on SS works:
What Happens to Interest on Social Security Contributions?
Social Security doesn’t work like a savings account for individuals, but pooled interest from contributions helps fund the trust that pays beneficiaries.www.aarp.org
Variance in money paid in vs paid out:
Other than the GOV raiding SS to pay for non-SS shit this is a major problem with the way the system is set up.
- A single man who earned an average income ($66,100) and reaches average life expectancy will pay $498,000 into Social Security and Medicare and receive $692,000 in benefits. ($194,000 more collected then paid)
- A single woman in that situation will pay $498,000 into the programs and receive $775,000 in benefits (the projection is higher because women live longer). ($277,000 more collected then paid)
- A married couple consisting of an average earner and a low earner ($95,800 in combined income) will pay a combined $723,000 and receive about $1.3 million in benefits. ($577,000 more collected then paid)
I was all in favor of just outright doing away with SS after a certain age (or born after date). I would have been willing, up to about age 40-45, to GIVE my SS TAX back to the kitty so long as I get 100% of that SS withdrawal money back in my paycheck and no new taxes on that money that was designated for SS (so that % of your tax that is SS would become non-taxable income for investment!!) I think one can pretty much recoup that money with conservative investments over the next 20-25 years. I never did the actual math on that; but at some point, just having the SS TAX stop would allow one to retire with more money; because that money would be in private hands making money (like a 401K).
The debate against the no SS is that people don't have enough self control....ok...so make a law that says it has to go somewhere and cannot be pulled out until 65, but the individual gets a say on where the money is invested. It's not perfect due to the FED jacking with the economy, cyclic nature of stocks, bonds, gold, etc; but it's not quite the Ponzi scheme current SS is.
FEMA Head Admits Agency Skipped 20 Homes with Trump Signs That Needed Hurricane Relief (VIDEO) | The Gateway Pundit | by Cristina Laila
Federal Emergency Management Agency (FEMA) Administrator Deanne Criswell appeared before congressional committees on Tuesday as allegations surfaced that Trump supporters’ homes were intentionally skipped during disaster aid efforts following Hurricane Milton.
www.thegatewaypundit.com
I agree 100%. There should be an op-out option for SS and I would even be happy to pay a small portion of what I currently pay to help support SS. I am guessing one concern about those that would opt out is them pissing away that extra money instead or saving/investing it. That is an issue that they would have created themselves but we cannot let idiots suffer their own consequences.
The other issue with an opt-out option is where would the GOV get additional money to piss away?
This guy should be a woke 4 star General!
Cop who fatally shot J6 protestor has lengthy disciplinary record that includes gun incidents
The issues in officer Michael Byrd's background included a failed shotgun qualification test, a failed FBI background check, a suspension for a lost weapon and referral to prosecutors for firing his gun at a stolen car.
justthenews.com
so doc blows the whistle on child mutilation, and doj attacks him. judge says doj is wrong, so doj muzzles him.
Agree. Hard sell because somebody's going to piss it away and somehow that is my fault!!!! This myth that your $$ are guaranteed by "The Gubment."
Yeah, my plan would be I get to take that $$ being stolen from me from SS and not pay taxes on it (preventing Gubment from wasting it as well), invest it in a plan of some kind and not pay any taxes on any earnings of that investment either. So it'd have to be tagged as monies that are tax free in a separate account; but imagine if you were still forced somewhat to save that % currently being stolen (and that's what it is) in a self-managed account, 100% tax free? Hell, I'd even be okay had they given me free reigns on 50% of that; but imagine 100%.
The J6 killer is another reason that they don't want this guy confirmed as AG. They know that their killer will stand trial for murder if this nominee is going to be the next AG.Cop who fatally shot J6 protestor has lengthy disciplinary record that includes gun incidents
The issues in officer Michael Byrd's background included a failed shotgun qualification test, a failed FBI background check, a suspension for a lost weapon and referral to prosecutors for firing his gun at a stolen car.
Back in the day - there were opportunities to earn pensions to support retirement. Then IRA/401K, etc. were developed to allow average citizens to invest for their retirement - take control of their own futures.
What percent of Americans make good use of the IRA/401k/etc. system to save for their futures?
We are finding out now as my Boomer generation with pensions ends and the IRA/401k/etc. generation begins to retire.
The last numbers I saw stated that only 25% of the people working at companies with 401Ks contributed to them. Only 25% of that number contributed enough to max out the company match. Working through the math indicates that very few people contribute and maximize their return on a 401K. A company match is FREE money and a higher return than the stock market.
some real doozies in the news today:
and a world first
www.thegatewaypundit.com
with non-nuclear MIRV!
and a world first
Russia Strikes Ukrainian Defense Plant in Dnepropetrovsk Using Intercontinental Ballistic Missiles for the First Time in Warfare (VIDEOS) | The Gateway Pundit | by Paul Serran
As we stare into the future of the war in Ukraine, we now have daily escalations from both sides, each scarier than the next.
www.thegatewaypundit.com
with non-nuclear MIRV!
Not necessarily. The realized rate of return depends on several factors:
1. The length of time it has been put into a 401K vs the real inflation rate. The longer, the lower the real return. This is especially true in the 2000s.
2. What the 401K is invested in. Whatever it is invested in will determine the actual return, which then still gets eaten away by inflation.
3. Investment losses, which do happen.
4. Any premature withdrawals, which usually have to be paid back with interest.
5. Taxes. Traditional 401K's are taxed as regular income at retirement while only the employer contribution is taxed in a Roth 401K since you contribution is post-taxation.
6. The actual matching by the employer. This can be variable, based on the company, and is optional.
7. Maximum yearly contribution ceilings.
401K's are not a panacea and it must be remembered that this money is effectively tied up until retirement within the financial sector of the economy. Taxes, inflation and risk eat away at the return and most people never consider these aspects, never realizing that the rate of return they think they are getting is higher than what they actually receive.
maybe that's why mayorkas and wray refuse to testify.
Honestly, of all the groups that have come over, I mind Filipinos the least. Every single Filipino I personally have encountered is working and had a good work ethic. Still, need to do it legally!
What? If a company matches 50% for the first 6% then that is a 50% return on the employees money, right off the bat. Even is that money is held in a money market account that is still a 50% return on "investment". You took my last statement and made it more complicated than it has to be.
Shocking. Differing news reports now.
www.zerohedge.com
Ukraine Becoming 'Global War' After Western Long-Range Weapons Used Against Russia: Putin | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
You are not listening. The immediate return is there, but time fucks it all up. Even money markets are not insulated - they lose money over time as they are almost always lower than the inflation rate. Safe, yes, but that safety comes at a lower yield which gets eaten away by inflation over time and taxes. Money market funds forego risk and create guaranteed savings erosion over time. Inflation erodes all fiat money over time, that's how this entire world economy works. That's how debt is paid off with cheaper dollars. But if you invest in stocks in your 401K you are still taking the risk inherent in the stock market. 401Ks in no way guarantee a preservation of capital, that's your job by way of making correct investment decisions.
What I said is not complicated. But most people don't know about it and therefore do not consider the implications. Go ask your CFP and they will tell you that these conditions exist. Your 401K is part of the system, not a workaround.
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'Devout Catholic' Joe Biden Awards Medal of Freedom to Former President of Planned Parenthood | The Gateway Pundit | by Ben Kew
Joe Biden has awarded the Presidential Medal of Freedom to the former president of the abortion provider Planned Parenthood.
www.thegatewaypundit.com
“But most people don't know about it and therefore do not consider the implications”.
I think there are a lot of people that know about it, but they just ignore it. Why ? Probably a myriad of reasons, very few of which are valid.
My Dentist is 1st generation Filipino and a great guy. He is a good dentist and has become a friend.
We go for our 6 month check up/cleaning as a family. His office is 30 miles from our house. The wife always goes to a Vietnamese restaurant to get egg rolls and some other dishes, Our Dentist has her get him some stuff too.
He pays for both orders! He and I get into a wide range of topics. From history to shooting to gardening and health/working out. Have not minded going to the dentist for many years!
This pedo is certainly connected to powerful DC bureaucrats and politicians who are pedos.
Head of Elite DC Preschool Arrested for Soliciting Child Pornography from FBI Agent Posing as Father of Abused 9-Year-Old Boy | The Gateway Pundit | by Cassandra MacDonald
The director of an elite Washington, D.C., preschool has been arrested for soliciting child pornography from an FBI agent posing as a father abusing his nine-year-old son.
Little bit of both maybe. I think lariat is right that people don't look at the supply chain aspect of money management, probably because a lot of people don't have enough money to worry about it.
An over simplified view.
Cash in savings and checking is food on the plate, rotting away by the second.
Cash in money markets food in the fridge, rots away a little slower.
Cash in investments is crops in the field, may do well, may get plowed under.
